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France’s SocGen to cut bonuses and scrap dividend

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Wed, 16 Nov 11 2:57 PM | 93 view(s)
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Update: 15/11/2011 - banking - financial crisis - France - Société Générale

France’s SocGen to cut bonuses and scrap dividend

French banking giant Société Générale announced Tuesday that it was scrapping its 2011 dividend and cutting bonuses, after a tough third quarter owing to a Greek debt write-down. The move saw SocGen’s shares climb 6.1% by 1149 GMT.

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http://www.france24.com/en/20111115-france-societe-generale-cut-bonuses-scrap-dividend-third-quarter-greece-banking




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